Lakeland Florida Satisfaction of Judgment is a legal process that involves the resolution of a court-ordered debt or payment. It refers to the fulfillment of a judgement's obligations by the party against whom the judgement was ruled. This satisfaction is recognized by the courts and signifies that the payment or settlement terms have been met, ensuring the successful resolution of the original judgement. In Lakeland, Florida, there are typically two types of Satisfaction of Judgements. The first type involves monetary judgements, where a defendant is required to pay a specific amount of money to the plaintiff or creditor. Once the full payment has been made, the plaintiff or creditor files a Satisfaction of Judgment with the court to officially acknowledge that the debt has been satisfied. The second type of Satisfaction of Judgment pertains to non-monetary judgements, which typically involves specific actions that the defendant must perform or refrain from doing. Once the defendant has complied with the court's orders, the plaintiff or their attorney files a Satisfaction of Judgment with the court to confirm that the judgement has been satisfied and the case has been resolved. Keywords: Lakeland Florida, Satisfaction of Judgment, legal process, court-ordered debt, payment, resolution, court, judgement, obligations, fulfillment, recognized, payment terms, settlement, successful resolution, monetary judgements, defendant, plaintiff, creditor, debt, official acknowledgement, non-monetary judgements, specific actions, compliance, attorney, case resolved.
Lakeland Florida Satisfaction of Judgment
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How to fill out Lakeland Florida Satisfaction Of Judgment?
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FAQ
After a judgment is entered against you, the judgment creditor can garnish your bank account and wages, require you to reveal all assets belonging to you, and place a lien on any non-homestead property. However, Florida law cannot impose criminal liability for not paying a civil money judgment.
Return to the Clerk of the Court that originally issued your judgment and ask for a Writ of Execution. Deliver the Writ to the sheriff's department for the county where the debtor's property is located. Provide the sheriff's department with: A deposit to cover their fees and costs.
Satisfaction of a judgment means that the judgment is no longer a lien on the debtor's real property. The courts cannot control the actions of third parties, but usually, the fact of satisfaction is recorded by the major credit reporting agencies and included in the debtor's credit history.
If a judgment is entered against you by a court, your wages or bank account may be taken from you to pay the judgment through legal proceedings called garnishment and attachment. Through a process called execution, a creditor can collect money owed under a judgment.
A judgment is good for 10 years and Florida allows a creditor to ?renew? a judgment before the expiration of the 10 years for an additional 10 years, thus giving a judgment almost unending life.
This satisfaction of judgment is a general form. It is a new form. To ensure identity of the signer, notarization is prudent but not required. If a certified copy of the judgment is recorded, it may be prudent to include that recording information.
The Satisfaction of Judgment form should be signed by the judgment creditor when the judgment is paid, and then filed with the court clerk. Don't forget to do this; otherwise, you may have to track down the other party later. It's easy to get a copy of a Satisfaction of Judgment form.
The Judgment may then be satisfied by the Clerk of Court upon the following conditions: Payment of the full amount of the Judgment plus interest as well as court registry fees. (Fee for receiving money into the registry of the court - 3% of the first $500.00 plus 1.5% of the balance of the deposit.)
The only time that you will be able to satisfy a judgment is after you have paid off the amount of the judgment. This includes interest and court costs. This document should be sent to you once the final payment on your debt is received.
